{"id":124837,"date":"2018-04-09T06:46:10","date_gmt":"2018-04-09T10:46:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=124837"},"modified":"2018-06-01T15:40:55","modified_gmt":"2018-06-01T15:40:55","slug":"usd-cad-might-find-buyers-soon","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/usd-cad-might-find-buyers-soon\/","title":{"rendered":"USD\/CAD Might Find Buyers Soon"},"content":{"rendered":"
April 9, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Source: Admiral Markets MT5<\/a> with MT5SE Add-on<\/a><\/em><\/p>\n

The USD\/CAD dropped within the 1.2730-40 zone and we can clearly see an inverted head and shoulders formation at support. The price is currently capped below the EMA89 and we might see few possible scenarios. The drop within 1.2730-40 POC zone could possibly be used for buyers to push the price higher towards 1.2799. If the price makes a 1h close above 1.2800, then 1.2837 should be next. 1.2837 is very important resistance. We might see short term rejections from the level towards 1.2800 but a clear 1h or 4h close above 1.2850 should provide a continuation towards 1.2894 and eventually 1.2990. However a drop below 1.2705 will probably make a bearish move towards 1.2663-1.2650.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Best wishes,<\/p>\n

Nenad<\/p>\n

Follow Admiral Markets<\/a> on Facebook \u2013 @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: USD\/CAD Might Find Buyers Soon<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The USD\/CAD dropped within the 1.2730-40 zone and we can clearly see an inverted head and shoulders formation at support. The price is currently capped below the EMA89 and we might see few possible scenarios. The drop within 1.2730-40 POC zone could possibly be used […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-124837","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=124837"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124837\/revisions"}],"predecessor-version":[{"id":124847,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124837\/revisions\/124847"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=124837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=124837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=124837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}